Report on Indian BESS tariffs
The report by JMK Research and Analytics and the Institute for Energy Economics and Financial Analysis (IEEFA) discusses the Indian BESS industry and particularly the viability of current tariff schemes (tariffs here mean fixed payments auctioned for energy storage developers, not the Trump kind). Of particular note are pages 17-18, which anticipate a diversification of storage technologies in the future, and isolate VRFBs as a prominent example. The same pages also discuss the push for increased domestic manufacturing. This is of course relevant to Invinity through their strategic partnership with Atri Energy Transition. You can read a summary of the report in this ESS News article:
Right now, Indian storage tenders are quite short-sighted, with heavy penalties for AC-AC RTE lower than 85% (which essentially excludes any technology except LIBs), contract tenures no longer than 20 years (and usually no longer than 15), and storage durations capped at 4 hours. Hopefully we will see more flexible and LDES-focused tenders coming in the near future.
The LDES Council is also pushing for increased attention to longer durations, as evident by the white paper they released last month in cooporation with various Indian stakeholders.^(1) In July and August of last year, the Council also signed MoUs with the National Solar Energy Federation of India^(2) and The Energy and Resources Institute^(3) to advance LDES deployment.
[1] https://ldescouncil.com/wp-content/uploads/2026/04/LDES-India-Policy-Paper_April-10-final.pdf
[3] https://www.linkedin.com/posts/teriin_terienvisions-activity-7353042748075106305-IFZn/